Seagate this week said that it began shipments of its 30+ terabyte hard drives based on its heat-assisted magnetic recording (HAMR) technology to one of its cloud datacenters clients. The drives are final qualification samples, but the company is on track to recognize revenue from sales of its HAMR-based Corvault systems in the coming weeks.
"We are tracking well to our stated plans and achieved the key milestone last week of shipping initial qualification units to a cloud launch partner, and we expect to recognize initial revenue from 30TB+ platforms this quarter as part of our Corvault system solutions," said Dave Mosley, chief executive of Seagate, at the earnings call with analysts and investors earlier this week (via SeekingAlpha).
